Taking Stock on Thursday 23rd November 2023
Taking Stock: Is a look at today's top business news & investment views plus we cover the winners, losers, the most read company news & the most followed. Today this includes:
What did you think of the Autumn Statment?
What are your bargain shares?
5 Bargain Shares?
This is a screener looking at company's with a P/E below 10
Operating margin above 20%
Paying a dividend
With Net Cash & postive free cash flow
Companies discussed on “Taking Stock” today:
03:20 National Grid #NG.
04:12 31:05 Motorpoint #MOTR
05:15 Cambridge Nutritional Sciences #CNSL
06:45 Intelligent Ultrasound #IUG
08:20 Wildcast Petroleum #WCAT
08:40 & 10:27 Jersey Oil & Gas #JOG
09:38 United Oil & Gas #UOG
10:40 & 22:00 Serica Energy #SQZ
11:10 Jet2 #JET2
11:50 Cleantech Lithium #CTL
15:20 & 23:50 Polarean Imaging #POLX
17:35 & 24:35 Kooth #KOO
21:05 Centrica #CNA
22:10 Jarvis Securities #JIM
22:30 IG Group #IGG
23:00 Arbuthnot Banking #ARBB
25:14 Oxford Biodynamics #OBD
26:40 Hellenic Dynamics #HELD
27:05 Novacyt #NCYT
30:40 Dispensa #DISP
33:28 Vertu #VTU
36:05 Totally #TLY
37:50 VP Plc #VP.
RESULTS ANALYSIS
Motorpoint (MOTR) - Interim Results
TOP BUSINESS STORIES
There's one important chart that wasn't in the autumn statement - and it's a depressing one
The single most important chart in the autumn statement actually didn't appear anywhere in the documentation released alongside the chancellor's report.
But the chart below - tweeted separately by the Office for Budget Responsibility (OBR) after their report was published - is the one that will overshadow the coming year.
It shows the change in household disposable income year by year and what it depicts is, at least from the chancellor's perspective, desperately depressing.
Energy price cap will rise in January adding pressure on households
Household energy prices will rise in January putting more financial pressure on billpayers at the coldest time of year.
Energy regulator Ofgem said the typical annual household bill would go up from £1,834 to £1,928, a rise of £94 or 5%.
It said the rise in bills would be "worrying" at a difficult time for many people, but was the result of higher wholesale costs faced by suppliers.
Analysts have predicted that prices will fall back in March.
Nissan is to commit to making future electric versions of its two best selling cars in Sunderland.
The Japanese car maker will announce on Friday that its new electric Qashqai and Juke models will be made at the site, helping to preserve 6,000 jobs.
The investment is thought to be in the region of £1bn and will be supported by a government contribution from the Automotive Transformation Fund (ATF).
The ATF received a £2bn top-up in the Autumn Statement on Wednesday.
Nissan is the only carmaker in the UK with its own dedicated battery plant located close to the car plant. It is owned by Chinese company AESC with Nissan as its only customer.